Markets
Fractionation sector has increased opportunity for Canadian growers but drought rebound likely to cut into imports
There probably won’t be as much demand for Canadian peas in the United States this year due to a vastly improved crop south of the border. The USA Dry Pea and Lentil Council forecasts 747,210 tonnes of production, with the caveat that it is a little early to be making such predictions. That would be […] Read more
Markets
India’s import restrictions boost domestic pea production
Green pea crop estimated at 300,000 tonnes this year, up from a 15,000 tonne average before restrictions were imposed
India’s pea import restrictions have resulted in a substantial increase in domestic production of the crop. In particular, the growth in green pea production has been phenomenal, said Pritesh Nandu, partner of the Himatlal Hirji & Co., a pulse wholesaler in Navi Mumbai, India. “Green pea production in 2022 has been a bumper crop in […] Read more
Argentine bean woes leave market in tight spot
Production is estimated at 117,000 tonnes, down 25 percent from last year’s levels, and old crop carry-in is minimal
A major exporter’s short crop will leave white bean markets scrambling this year. Argentina has an estimated 114,000 tonnes of Alubia beans available for export in 2022-23, the lowest volume since 2013-14. This year’s exports will be about half of the record 220,000 tonnes shipped last year, according to a panelist speaking at the recent […] Read more
Market assesses comfort level of world’s oilseed supply
Canola futures prices are bouncing around as forecasters try to determine the size of oilseed production here, in the United States and elsewhere. The U.S. Department of Agriculture monthly supply and demand report Sept. 12 called into question what had been an impression that global oilseed supply would be more comfortable this year. The report […] Read more
Queen symbolized a stability that helps Canada succeed
Seeing the centuries-old machinery of ritual whir into gear upon the death of Queen Elizabeth and the accession of King Charles is an awesome, perplexing, soothing or enraging sight, depending upon your outlook. As a supporter of evolutionary development and stability, as well as a person who sees great riches in our heritage, I’m one […] Read more
U.S. railways, workers reach tentative deal
WASHINGTON, D.C. (Reuters) — Major U.S. railroads and unions secured a tentative deal today after 20 hours of intense talks brokered by President Joe Biden’s administration to avert a rail shutdown that could have hit food and fuel supplies across the country and beyond. Biden called the deal a “big win for America” and for […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was not available Sept. 9. U.S. hogs averaged $91.28 on a carcass basis Sept. 9, down from $97.68 Sept. 2. The U.S. pork cutout was $102.87 per hundredweight Sept. 9, up from $102.25 Sept. 2. The estimated U.S. weekly slaughter to Sept. 10 was […] Read more
Canfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Fed prices steady Alberta direct cattle sales saw active trade last week, with average prices continuing steady […] Read more
Biden administration races to avert rail shutdown; smaller union rejects deal
DETROIT/LOS ANGELES (Reuters) — Biden administration officials, racing to avert a potential rail shutdown that could disrupt cargo shipments and impede food and fuel supplies, hosted labuor contract talks today as one of the smaller unions involved in the dispute rejected a deal. Railroads including Union Pacific, Berkshire Hathaway’s BNSF and Norfolk Southern have until […] Read more
Europe slashes fertilizer production
Carnage in Europe’s nitrogen fertilizer market is exacerbating the run-up in North American prices but that could change in a heartbeat, says an analyst. “Buckle up for the ride,” said Josh Linville, analyst with StoneX. “I hate to say it, but I think volatility is here to stay for the foreseeable future.” The European Union’s […] Read more
